Having a development value of more than Dh2.5 billion, Oceanz will be built at the Dubai Maritime City, next to the historic heritage village Shindagha.
Once Oceanz is completed, it would offer some breathtaking views of the spectacular Arabian Gulf and is scheduled for completion in the first quarter of 2027.
It will have a total of 51 floors, which include a six-level podium that will have community and car-parking facilities.
44 floors will comprise of residential properties and a total of 1,250 units will be created, which include 1-bedroom, 2-bedroom, 3-bedroom and studio apartments.
A couple of retail stores will also be included. Similar to other projects from Danube, Oceanz will also come with more than 40 lifestyle, health and community amenities.
These include infinity swimming pools, nanny on board, tennis court, health club, jogging track, barbecue area, doctor on call and sports arena, amongst other facilities.
As far as the development value and number of units is concerned, Oceanz is the largest project that Danube Properties has announced to date.
In addition, it is also the first project that overlooks a large body of water on the Arabian Gulf Coast.
In the coming years, Oceanz is expected to generate a higher rental income for homebuyers and appreciate in value due to the amenities, facilities and location.
It is the 25th residential project that Danube Properties has initiated in the last nine years since it began development activities in 2014. It is also the 10th project that the developer has launched in the last 19 months.
The Chairman and Founder of Danube Group, RizwanSajan, said that there was a growing demand for homes and they were ready to bring more supplies for meeting this rising demand.
He said that Oceanz was their third project in the last three months and it was a reflection of their commitment of offering homebuyers different residential options.
He stated their rebalancing the market was their goal for offering all stakeholders a win-win situation.
He went on to say that Dubai’s real estate market was performing quite well, even though there were economic headwinds in some parts of the world.
He revealed that the homes part of the Oceanz project would provide infinite ocean views, something that cannot be found in the market.
He also said that once the project is complete, the surrounding areas would be similar to the famous residential apartments in Miami or Malibu in the United States.
He asserted that in a period of three years, Dubai Maritime City would become one of the most sought-after coastal properties globally and every apartment would see a massive appreciation in its value.